Coinbase Derivatives Exchange will start trading BTC and ETH perpetual futures on June 5, 2023, for non-US institutional clients only. Leading American crypto exchange Coinbase has announced its plans to introduce futures contracts for Bitcoin (BTC) and Ether (ETH) in its newly launched derivative marketplace regulated by the Commodity Futures Trading Commission (CFTC). The new venture, Coinbase Derivatives Exchange, officially debuted last month in Bermuda following approval from the...
Read More »Stablecoin Issuer Circle to Launch USDC Natively on Arbitrum Next Week
The launch of USDC on Arbitrum will replace the currently circulating bridged version of USDC that comes from Ethereum. In an announcement on Thursday, June 1, stablecoin issuer Circle announced its plans to launch the native version of its USDC stablecoin on the Arbitrum blockchain network. USDC on Arbitrum As per the official announcement, Circle shall replace the existing version of USD Coin, which is an Ethereum-based token bridged to Arbitrum, with a native token that runs and resides...
Read More »Bitcoin Cash Analysis: Key Breakout Resistance Sits At $118
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin cash is attempting a recovery wave above the $112 resistance against the US Dollar. The price is now trading above the $114 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $116 on the 4-hour chart of the BCH/USD pair (data feed from...
Read More »Tether (USDT) Market Cap Breaks May 2022 ATH Level of $83.2 Billion
Tether (USDT), the world’s largest stablecoin, achieved a groundbreaking milestone by surpassing its previous all-time high market cap of $83.2 billion, a record set back in May 2022. This remarkable feat further cements Tether’s unrivaled dominance in the rapidly expanding stablecoin market, which currently totals an astonishing $130 billion, with USDT’s market cap surpassing the combined value of its closest competitors. USDT Breaks 2022 Market Cap ATH According to a blog...
Read More »Crypto.com Secures License from Monetary Authority of Singapore as Payment Institution
Securing this recent license will allow Crypto.com to offer DPT services to a wide range of customers in Singapore. In a major development, Crypto.com announced that it has secured the license of a Major Payment Institution (MPI) from the Monetary Authority of Singapore (MAS) for offering Digital Payment Token (DPT) services in the region. Previously, Crypto.com received its in-principle approval from the MAS last year in June 2022. Having secured the license recently, the platform will be...
Read More »Tether (USDT) Hit New Market Cap ATH as Adoption Grows
USDT has become the most traded stablecoin, especially after the de-pegging of Circle’s USD Coin (USDC) earlier this year. United States-dollar-backed stablecoin Tether (USDT) has hit an all-time high in its market capitalization based on existing market data. The new milestone has helped Tether exceed its previously set all-time high of $83.2 billion which was announced back in May 2022. USDT is currently the third largest cryptocurrency by market cap which at the time of writing is...
Read More »EOS Price Analysis: Key Support Intact Near But Bearish Signs Emerge
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up EOS price started a downside correction from the $0.930 resistance against the US Dollar. The price is now trading near $0.875 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.9020 on the 4-hour chart of the EOS/USD pair (data feed from...
Read More »Litecoin (LTC) Price Analysis: Bulls Face Uphill Task Near $94
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Litecoin started a downside correction from the $95 zone against the US Dollar. LTC price is now trading above $88 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $92 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair...
Read More »Bitcoin Jesus Roger Ver: Ethereum, Not Bitcoin, Will Drive Global Crypto Adoption
Considering the kind of projects that the Ethereum blockchain hosts, and the kind of services it offers, Roger Ver believes that Ethereum will be able to drive major user adoption. Roger Ver, also popular as Bitcoin Jesus for being an early BTC advocate, recently gave a statement that it will be Ethereum, and not Bitcoin, responsible for driving a bulk of new users towards cryptocurrencies. While speaking at the Show Me The Crypto podcast on Tuesday, May 31, Roger Ver said that despite...
Read More »Tron (TRX) Price Analysis: Dips Supported Near $0.075
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Tron price started a fresh increase above the $0.0720 level against the US Dollar. TRX price is now trading below $0.0780 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0752 on the 4-hours chart (data feed via Kraken). The pair could continue to move...
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